All cyber insurance articles
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NewsArch Insurance International appoints Barrett to lead cyber and health
James Barrett promoted to lead two lines at the London market insurer.
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NewsCyber market reaches $16.6bn – Guy Carpenter report
Pricing for cyber insurance flattened or decreased in 2023, continuing to adjust throughout 2024, according to the reinsurance broker.
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NewsGallagher appoints crisis management, financial lines CEOs
Paul Bassett and Simon Brookes become CEOs of their product segments in a reshuffle at the intermediary’s Gallagher Specialty arm.
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NewsGeneva Association releases cyber risk transfer progress report
A new paper from the industry body provides analysis about the challenges facing the cyber re/insurance market, through traditional underwriting and alternative risk transfer.
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NewsHowden: cyber-attacks cost UK businesses £44bn in the last five years
The (re)insurance broker has estimated firms can reduce the cost of cyber-attack by up to 75% (£30bn) by implementing simple cyber security basics more widely.
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NewsBetter risk selection could cut 16% from cyber insurers’ loss ratios – Gallagher Re
After a global study of 62,000 organisations, the reinsurance broker suggests removing “most at risk entities” from cyber insurance books could reduce loss ratios by up to 16%.
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NewsCrowdStrike – a cyber cat of sorts
The CrowdStrike cyber incident brought retail, transportation, banking, and more to a shocking standstill. In the aftermath, what can insurers do to gain clarity on the true exposures in their books before the next Blue Screen of Death?
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NewsCyber insurance gap amid rising AI threats – Aon
An EMEA survey underpins a new cyber report from the broker, showing insurance is in place to cover less than a fifth of corporate information assets.
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NewsCyber reinsurance report highlights different dynamics to cat risks – Howden Re
A first-of-its-kind study from reinsurance broker Howden Re, uses data from cyber underwriters’ modelled losses for insights into the industry’s market risk tolerance.
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NewsWTW, AXIS boost cyber facility with increased capacity and broader coverage
The broker has announced “strategic enhancements” to its global cyber facility, led by AXIS Capital.
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NewsAspen and PIMCO launch casualty and cyber-focused Pando Re
Bermudan reinsurance vehicle will participate in Aspen’s casualty, professional lines and cyber insurance and casualty reinsurance business lines through a multi-year quota share, with Aspen as the sole cedant.
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NewsAlta Signa: CFO deepfakes highlight urgency for cyber risk mitigation
As cyber threats evolve, insurers and reinsurers should prioritise the dissemination of technical risk mitigation expertise to policyholders, writes Mauro Marongiu, Alta Signa’s technical head of cyber underwriting.
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SponsoredVideo Q&A: CFC helps launch the world’s first Cyber Monitoring Center
Sponsored: Yiannis Kotoulas, acting editor of GR’s sister title Insurance Times, sat down with James Burns, CFC’s head of cyber strategy to talk about the world’s first Cyber Monitoring Centre.
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NewsBMS appoints Leahy cyber practice co-leader
The re/insurance broker announced Daniel Leahy joins from rival intermediary Howden.
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NewsHowden names Bayon de La Tour as its new international cyber leader
The broker’s new international head of cyber will be based in Spain and was formerly head of cyber for Marsh Europe.
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NewsRansomware attacks break records, up 95% in 2023 – Corvus
Law practices, government agencies, manufacturing, oil and gas, transportation, logistics and storage sectors were among the sectors hardest hit by a record-breaking spike in ransomware attack frequency.
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NewsMoody’s global cyber survey finds 50% rise in cyber insurance premiums
Buyer budgets are on the rise while C-suite visibility of cyber risk has also markedly increased, Moody’s Investors Service found.
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NewsAon launches FI Protect 360
A London market collaboration to “blend” traditional financial and cyber risks, Aon’s FI Protect 360 has access to $100m capacity per client.
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NewsGlobal cyber market rockets in value - Guy Carp study
A Guy Carpenter report reveals more than three-fold increase in cyber insurance market value in four years, and models one-in-50 and one-in-200-year event cyber loss scenarios, topping out at a $33.4bn estimated potential market loss.
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NewsEnergy storage market has invisible cyber risks – Aon
The broker warned that a lack of robust cyber-security for critical operational technologies may be a weakness for battery storage risks being underwritten.
